US Congress House Bill 4569 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 3-0)
Status: Engrossed on December 3 2014 - 50% progression, died in committee
Action: 2014-12-03 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Disclosure Modernization and Simplification Act of 2014 - Directs the Securities and Exchange Commission (SEC) to issue regulations permitting issuers to submit a summary page on annual and transition report form 10-K if each item on that page cross-references electronically or otherwise the material contained in form 10-K to which the item relates. Requires the SEC to revise regulation S-K (Standard Instructions for Filing Forms under the Securities Act of 1933, the Securities Exchange Act of 1934 and the Energy Policy and Conservation Act of 1975) in order to: reduce the burden on smaller issuers, including emerging growth companies, accelerated filers, and smaller reporting companies (while still providing all material information to investors); eliminate duplicative, overlapping, outdated, or unnecessary provisions; and for which o further study under this Act is necessary to determine the efficacy of such revisions. Directs the SEC to study ways to: (1) modernize and simplify requirements in regulation S-K, and (2) evaluate information delivery and presentation methods as well as explore methods to discourage repetition and disclosure of immaterial information. Requires the SEC to issue a proposed rule to implement any recommendations it makes to Congress based on the study.

Disclosure Modernization and Simplification Act of 2014

Rep. Scott Garrett [R-NJ]

Rep. Randy Hultgren [R-IL]

Rep. Robert Hurt [R-VA]

Date	Chamber	Action
2014-12-03	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2014-12-02	House	Motion to reconsider laid on the table Agreed to without objection.
2014-12-02	House	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8258)
2014-12-02	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 4569.
2014-12-02	House	Considered under suspension of the rules. (consideration: CR H8258-8260)
2014-12-02	House	Mr. Garrett moved to suspend the rules and pass the bill, as amended.
2014-12-02	House	Placed on the Union Calendar, Calendar No. 482.
2014-12-02	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 113-642.
2014-05-22	House	Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 0.
2014-05-22	House	Committee Consideration and Mark-up Session Held.
2014-05-06	House	Referred to the House Committee on Financial Services.
2014-04-09	House	Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.

HB5405 (Related) 2014-09-17 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4569/all-info
Text	https://www.congress.gov/113/bills/hr4569/BILLS-113hr4569ih.pdf
Text	https://www.congress.gov/113/bills/hr4569/BILLS-113hr4569rh.pdf
Text	https://www.congress.gov/113/bills/hr4569/BILLS-113hr4569eh.pdf